Economy - Voice of America: British Bank Value Plunges After Iran Money Laundering Accusations

Economy - Voice of America economy-and-business

British Bank Value Plunges After Iran Money Laundering Accusations Aug 7th 2012, 19:12 Shares of the British bank Standard Chartered were sharply lower Tuesday, a day after U.S. officials accused it of illegally laundering $250 billion in financial transactions with Iran during the past decade. Britain's fifth-biggest bank has operations spread throughout the world, but until now had been spared from a wave of recent disclosures about financial irregularities by British banks. New York's top banking regulator, however, alleged that Standard Chartered "operated as a ... Media files: 086E83D2-9FD4-4797-9502-68C0B3A0B2D8_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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